LOVES LANE COTTAGE, LOVES LANE, EMPINGHAM, OAKHAM, LE15 8PP - £120,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

LOVES LANE COTTAGE is a very small detached house of 56m². It was last sold for £120,000 in June 2003, which was around 47% below the average June 2003 detached price in the Rutland local authority area. The most recent EPC inspection was November 2009, where the current energy rating was C, and the potential energy rating was C.

LOVES LANE COTTAGE Sold Prices

Land registry data shows four sales for LOVES LANE COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Rutland local authority area for the corresponding sale date. two of the four LOVES LANE COTTAGE sales were for below the average price, and four were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2003 27 JUN	£120,000	£225,730	47% below HPI
2003 6 JAN	£193,000	£214,303	10% below HPI
2001 3 DEC	£180,000	£169,095	6% above HPI
1997 20 JUN	£111,000	£103,214	8% above HPI

LOVES LANE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rutland local authority area over time, sourced from the HPI. The four LOVES LANE COTTAGE sales between June 1997 and June 2003 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the January 2003 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the June 2003 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

How Large is LOVES LANE COTTAGE?

LOVES LANE COTTAGE is 56m² according to the EPC inspection conducted in November 2009. This puts it in the smallest 10% of detached houses in Empingham, based on EPC data. The below chart shows the distribution of detached houses by size in Empingham, and where LOVES LANE COTTAGE lies on this distribution: 1% of detached houses are smaller than LOVES LANE COTTAGE, and 99% of houses are larger. Note that EPC data is not available for all properties in Empingham.

LOVES LANE COTTAGE: Plot and Title Map

LOVES LANE COTTAGE sits on a plot of roughly 0.059 of an acre, or 241m². The below map shows the location of LOVES LANE COTTAGE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of LOVES LANE COTTAGE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is LOVES LANE COTTAGE?

LOVES LANE COTTAGE is located on LOVES LANE in EMPINGHAM, in the LE15 postcode district. The below map shows the position of LOVES LANE COTTAGE on LOVES LANE.